Vancouver Island Market Activity
According to the latest statistics released by the Vancouver Island Real Estate Board (VIREB), the Vancouver Island housing market continued to show steady activity. Single-family homes led the way in total sales, reflecting ongoing demand for detached properties across many Island communities. Condo apartments and townhouses also contributed to overall market movement, helping give buyers and sellers a clearer picture of how different property types are performing across the region.
Sales by Property Type
| Single-family homes sold | 228 |
| Condo apartments sold | 47 |
| Townhouses sold | 55 |
Detached homes continue to represent the largest portion of sales activity across Vancouver Island. Townhouses and condo apartments remain important segments of the market as well, often appealing to first-time buyers, downsizers, and those seeking lower-maintenance living options.
Benchmark Prices Across Vancouver Island
Benchmark pricing across Vancouver Island continues to highlight the differences between regional markets. Based on data reported by the Vancouver Island Real Estate Board (VIREB), benchmark prices vary considerably between communities depending on supply, demand, and local housing trends.
Benchmark Prices Across Vancouver Island
| Campbell River | $674,900 |
| Comox Valley | $834,300 |
| Cowichan Valley | $756,800 |
| Nanaimo | $807,200 |
| Parksville-Qualicum | $906,500 |
| Port Alberni | $507,100 |
| North Island | $441,600 |
Nanaimo’s benchmark price of $807,200 places it among the stronger housing markets on Vancouver Island. It sits above Campbell River, Cowichan Valley, Port Alberni, and the North Island, while remaining below the higher benchmark values seen in Parksville-Qualicum and Comox Valley.
For buyers and sellers in Nanaimo, these numbers highlight the city’s continued appeal as a balanced and desirable market within the broader Vancouver Island region. Strong local amenities, a growing population, and access to both outdoor recreation and urban services continue to support demand in the Nanaimo housing market.
Nanaimo Market Snapshot
Looking specifically at Nanaimo, the city continues to hold a solid position within the Vancouver Island real estate market. Nanaimo’s benchmark price remains competitive relative to many surrounding regions, offering a blend of lifestyle, convenience, and long-term appeal that continues to attract both local and relocating buyers.
Along with the benchmark price, Nanaimo’s median home price reached $779,000 in February 2026, while the average sale price came in at $856,972. The median price is especially useful because it represents the midpoint of homes sold during the month, giving buyers and sellers a grounded view of where much of the market activity is taking place.
For homeowners considering selling, this level of pricing suggests that Nanaimo remains a market with meaningful demand and stable value. For buyers, Nanaimo still offers an opportunity to enter a market that is strong and desirable, while often remaining more accessible than some of the Island’s highest-priced communities.
Nanaimo Market Snapshot
| Nanaimo benchmark price | $807,200 |
| Nanaimo median home price | $779,000 |
| Nanaimo average sale price | $856,972 |
| Nanaimo homes sold | 70 |
| Nanaimo year-over-year sales change | +14.75% |
Nanaimo vs Parksville-Qualicum
| Nanaimo benchmark price | $807,200 |
| Parksville-Qualicum benchmark price | $906,500 |
This comparison helps illustrate Nanaimo’s position within the regional market. While Parksville-Qualicum currently posts a higher benchmark price, Nanaimo continues to offer strong market performance with a pricing level that may feel more attainable for a wider range of buyers.
Source: Vancouver Island Real Estate Board (VIREB) market statistics.
